Westpac Group Pillar 3 Report March 2013 - Iguana IR Sites

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PILLAR 3 REPORT APPENDIX III - CAPITAL INSTRUMENTS Issuer Redemption Rights Conversion into Ordinary Shares Secured or Unsecured Ranking in Winding-Up Accounting Treatment With APRA’s prior written approval in certain limited circumstances. Mandatory conversion into Westpac ordinary shares on 30 September 2014 (subject to the satisfaction of the conversion conditions) or in certain other specified circumstances. Unsecured Rank in priority to Westpac ordinary shares and equally with equal ranking capital securities but behind all senior creditors and depositors. Liability - Loan Capital Convertible Preference Shares (CPS) Instrument Face Value Listing Regulatory Capital Classification Fully paid, perpetual, convertible, unguaranteed and unsecured preference shares issued by Westpac. AUD 1,189 million Listed on ASX (WBCPC) Additional Tier 1 Capital Issue Date 23 March 2012 Dividends Dividend Rate Dividend Payments Franked Dividends Step-Up Date Holder Redemption Rights Issuer Redemption Rights Conversion into Ordinary Shares Secured or Unsecured Preferred, non-cumulative floating rate dividends, subject to certain dividend payment conditions including Westpac having sufficient distributable profits. (180 day bank bill rate + 3.25% p.a.) x (1- tax rate) Semi-annually in arrears (31 March and 30 September). Expected to be fully franked None None Westpac may redeem the CPS on an optional conversion / redemption date, which is any dividend payment date falling on or after 31 March 2018, or in certain limited circumstances, with APRA’s prior written approval. Conversion into Westpac ordinary shares on 31 March 2020 (subject to the satisfaction of the conversion conditions), upon the occurrence of a capital trigger event or in certain other specified circumstances. Unsecured Ranking in Winding-Up Accounting Treatment Rank in priority to Westpac ordinary shares and equally with equal ranking capital securities but behind all senior creditors and depositors Liability - Loan Capital 84
PILLAR 3 REPORT APPENDIX III - CAPITAL INSTRUMENTS Westpac Capital Notes Instrument Face Value Listing Regulatory Capital Classification Fully paid, non-cumulative, convertible, transferable, redeemable, subordinated, perpetual, unsecured notes issued by Westpac. AUD 1,384 million Listed on ASX (WBCPD) Additional Tier 1 Capital Issue Date 8 March 2013 Distributions Distribution Rate Distribution Payments Franked Dividends Step-Up Date Holder Redemption Rights Non-cumulative, floating rate distributions, subject to certain distribution payment conditions. (90 day bank bill rate + 3.20% p.a.) x (1- tax rate) Quarterly in arrear (8 March, 8 June, 8 September, 8 December) Expected to be fully franked None None Issuer Redemption Rights Conversion into Ordinary Shares Secured or Unsecured Ranking in Winding-Up Accounting Treatment Westpac may redeem Westpac Capital Notes on the optional redemption / transfer date, being 8 March 2019, or in certain limited circumstances, with APRA’s prior written approval. Conversion into Westpac ordinary shares on 8 March 2021 (subject to the satisfaction of the scheduled conversion conditions) upon the occurrence of a capital trigger event or non-viability trigger event, or in certain other specified circumstances. Unsecured Rank in priority to Westpac ordinary shares and equally with equal ranking capital securities but behind all senior creditors and depositors Liability - Loan Capital 85
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WESTPAC GROUP PILLAR 3 REPORT MARCH
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PILLAR 3 REPORT EXECUTIVE SUMMARY B
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PILLAR 3 REPORT INTRODUCTION Westpa
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PILLAR 3 REPORT CONTROLLING AND MAN
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PILLAR 3 REPORT GROUP STRUCTURE Wes
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PILLAR 3 REPORT CAPITAL OVERVIEW Ca
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PILLAR 3 REPORT CAPITAL OVERVIEW 12
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PILLAR 3 REPORT CREDIT RISK MANAGEM
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PILLAR 3 REPORT CREDIT RISK EXPOSUR
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Page 33 and 34: PILLAR 3 REPORT CREDIT RISK EXPOSUR
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Page 53 and 54: PILLAR 3 REPORT COUNTERPARTY CREDIT
Page 55 and 56: PILLAR 3 REPORT SECURITISATION A se
Page 57 and 58: PILLAR 3 REPORT SECURITISATION Cons
Page 59 and 60: PILLAR 3 REPORT SECURITISATION Bank
Page 61 and 62: PILLAR 3 REPORT SECURITISATION Bank
Page 63 and 64: PILLAR 3 REPORT SECURITISATION Trad
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Page 67 and 68: PILLAR 3 REPORT MARKET RISK Risk mi
Page 69 and 70: PILLAR 3 REPORT MARKET RISK Back-te
Page 71 and 72: PILLAR 3 REPORT OPERATIONAL RISK We
Page 73 and 74: PILLAR 3 REPORT EQUITY RISK Book va
Page 75 and 76: PILLAR 3 REPORT INTEREST RATE RISK
Page 77 and 78: PILLAR 3 REPORT APPENDIX I - APS330
Page 79 and 80: PILLAR 3 REPORT APPENDIX II - REGUL
Page 81 and 82: PILLAR 3 REPORT APPENDIX III - CAPI
Page 83: PILLAR 3 REPORT APPENDIX III - CAPI
Page 87 and 88: PILLAR 3 REPORT APPENDIX IV - REGUL
Page 89 and 90: PILLAR 3 REPORT APPENDIX IV - REGUL
Page 91 and 92: PILLAR 3 REPORT GLOSSARY Term Actua
Page 93 and 94: PILLAR 3 REPORT GLOSSARY Internal a
Page 95 and 96: PILLAR 3 REPORT GLOSSARY Trading bo
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Westpac Group Pillar 3 Report March 2013 - Iguana IR Sites

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